CFO Moves: Delek, Equal Energy, Rainmaker Systems

News Editor

Delek US Holdings Inc., an energy company based in Brentwood Tenn., promoted Assi Ginzburg to chief financial officer. At the same time, he was named general partner of Delek Logistics Partners LP, a partnership focused on energy infrastructure. He succeeds Mark Cox, who will remain with both companies as executive vice president until March 31, roles that were previously held by Mr. Ginzburg. Mr. Cox received compensation in 2011 valued at $3 million from Delek US, according to its proxy.

Equal Energy Ltd., an oil company based in Calgary, named Scott Smalling as its chief financial officer. He succeeds Dell Chapman, who will remain with the company until it completes its year-end audit and reporting requirements, according to a press release. Mr. Smalling will be based in the company’s Oklahoma City office.

Rainmaker Systems Inc., a cloud-based e-commerce company based in Campbell, Calif., hired Mallorie Burak as its chief financial officer. She succeeds Tim Burns, who only became CFO in November after serving as acting CFO since April 2011. Ms. Burak was most recently CFO of Foodlink Holdings Inc. At Rainmaker she will receive a base salary of $235,000 and be eligible for a 2013 bonus of up to 35% of her base, according to a regulatory filing. The company sets its bonus targets annually. She will also receive a stock grant of 375,000 shares. Mr. Burns received compensation in 2011 valued at $273,207, according to a proxy filing.

Comments (2 of 2)

Another sad day for the USA. Rain Maker decided to fire all the Austin personnel and move the operations to the UK so they can pay a lower wage. What a shame. A year ago you placed all the Spanish folks in DR at some off-shore contractor paying a fraction of what you would pay in the USA and now you are doing this for Austin? I can’t believe Microsoft is supporting you on this. Are you crediting them a portion of the savings? I sincerely hope Microsoft is not behind this. Shame on you…

5:18 pm January 25, 2013

Rainmaker Employee wrote:

Tim Burns became CFO in November 2011 not "only in November" which implies it occurred in 2012.

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